About Spalon
Spalon is a Retail company based in Chennai (India) founded in 1989 by Latha Chandra Mohan, and was acquired by JCB in July 2024. Multiple salon chains are operated across India. Spalon has raised $4.7 million across 1 funding round from investors including JCB and ASK Pravi. The company has 524 employees. Spalon was last valued at $13.93 million in December 2014. Its Indian entity Spalon India Private Limited reported revenue of ₹83.57 Cr. Spalon offers products and services including Salon Services and Training Programs. Its focus areas include Consumer Goods, Retail Chains and Beauty.
Company details
Spalon was founded in 1989 in Chennai, India, focusing on the beauty and wellness sector. Multiple salon chains are managed, providing services such as hair care, grooming, and spa treatments. Operations are centered in urban areas of India, with the domain spalon.in used for online presence. The company is co-founded by Latha Chandra Mohan, whose details include DIN 02413310 and PAN AABPL3991Q.
- Headquarters Chennai, India
- Employees 524
- Founders Latha Chandra Mohan
- Stage Acquired
- SectorsRetail
- Website spalon.in
- Acquired by JCB (Jul 2024)
- Legal Name Spalon India Private Limited
- Date of Incorporation 31 Dec, 2008
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Spalon
Spalon operates through Spalon India Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spalon India Private Limited CIN U93020TN2008PTC070329 | Under Liquidation | 31 Dec 2008 | Chennai, Tamil Nadu | ₹83.6 Cr | 524 | 2 | View details |
Products & Services of Spalon
Spalon offers a comprehensive portfolio of products and services, including Salon Services and Training Programs.
Beauty treatments are provided to cater to individual needs, focusing on hair, wellness, and personalized care.
Comprehensive training in hairstyling and beauty techniques is offered through academies to develop professional skills.
Funding Insights of Spalon
Spalon has successfully raised a total of $4.7M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $4.7 million completed in December 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.7M
- Total Rounds 1
- Last Round Private Equity Round — $4.7M
- First Round $4.7M
(Dec 2014)
- Investors Count 1
All 1 funding rounds of Spalon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2014 | $4.7M | Private Equity Round | $13.93M | ASK Pravi | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2014 | $13.93M | •••••••• |
Last known valuation $13.93M (Dec 2014). 2 investors in total: 2 institutional.
Investors in Spalon
Spalon has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include JCB and ASK Pravi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm investing in India | askpravi.com | Mumbai, India | ||
Earthmoving and construction equipment are manufactured by JCB worldwide. | 1945 | jcb.com | Uttoxeter, United Kingdom |
Investor details for Spalon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Spalon India Private Limited (Spalon)
Spalon India Private Limited is the primary company behind Spalon. The board of Spalon India Private Limited currently have 2 directors; the longest-serving is Payal Preet Koticha, appointed in 2023. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Payal Preet Koticha DIN 09494825 | Director | 26 Sep 2023 | 3 yrs 1 mo | Spalon India Private Limited |
| Sneh Naqqash Koticha Contractor DIN 00829307 | Director | 01 Mar 2024 | 2 yrs 8 mo | Spalon India Private Limited |
People of Spalon
2 people are tracked at Spalon (2 in leadership); the tracked headcount is 524.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Vikram Mohan | CEO | Leadership |
Complete people profiles for Spalon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Spalon
Figures of Spalon India Private Limited, the primary company behind Spalon, for FY 2025. Revenue was ₹83.57 Cr (+2% year on year). Net loss was -₹40.9 Lakh (0% margin). EBITDA was ₹6.53 Cr (8% margin). Revenue has grown at a compounded annual rate of +20% over three years and +5% over five years.
- ₹83.57 CrRevenue · FY 2025 · +2% YoY
- -₹40.9 LakhNet loss · 0% margin
- ₹6.53 CrEBITDA · 8% margin
- ₹1.76 CrPaid-up capital
- 524Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spalon India Private Limited are on its company page.
Detailed financial statements for Spalon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Spalon
4 dated milestones of Spalon across 35 years, from founding to its latest funding, stage changes and deals.
- Founded Spalon is founded.
- Funding First funding round of $4.7M.
- Milestone Reaches Minicorn status.
- Exit Acquired by JCB.
Web traffic of Spalon
The website of Spalon (spalon.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 2.6% vs previous month
Top companies in Retail Stores & Chains
2 companies that operate in the same segment as Spalon (Retail Stores & Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 3,752 | |
Multi-format offline retail is operated in India. | 1997 | Mumbai, Maharashtra, India | USD 3.41 B | USD 280.87 K | 32 |
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Frequently Asked Questions about Spalon
Spalon was founded in 1989 and raised its 1st funding round 25 years after it was founded.
Spalon is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Spalon is a funded company, having raised a total of $4.7M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $4.7M, raised on Dec 2014.
Spalon has 524 employees.
The primary company behind Spalon, Spalon India Private Limited, reported revenue of ₹83.57 Cr for FY 2025, up 2% year on year.
Spalon was founded in 1989 in Chennai, India, focusing on the beauty and wellness sector. Multiple salon chains are managed, providing services such as hair care, grooming, and spa treatments. Operations are centered in urban areas of India, with the domain spalon.in used for online presence. The company is co-founded by Latha Chandra Mohan, whose details include DIN 02413310 and PAN AABPL3991Q.
Spalon offers Salon Services and Training Programs.
The valuation of Spalon is $13.93M as of Dec 2014.
Spalon operates through Spalon India Private Limited.
Yes. Spalon was acquired by JCB in July 2024.
The legal entities of Spalon currently have 2 directors, including Sneh Naqqash Koticha Contractor, Payal Preet Koticha.